Business
Set of halftone hands holding gift boxes
(Getty Images)

Retailers prep for an October sales blitz ahead of a cutthroat holiday shopping season

Walmart, Amazon, and Target are leaning on early deal events, faster delivery, and price cuts to win over cash-strapped consumers.

Nia Warfield

Christmas is still months away, but the holiday shopping wars are already here. Mega-retailers are pushing up their calendars with earlier sales events, faster delivery promises, and perks aimed at budget-conscious shoppers. Next month...

  • Amazon will hold its Prime Big Deal Days on October 7 and 8. The two-day sale is shorter than July’s four-day Prime Day but is designed to pull spending forward ahead of Black Friday.

  • Walmart will give Walmart+ members early access on October 6 before opening a five-day event October 7 through 12 with discounts across categories like toys, fashion, and electronics.

  • Target is bringing back its fall Circle Week, which runs October 5 through 11, with early access for Circle 360 members on October 4. Deals will include home goods, apparel, toys, and electronics.

Consumer cutbacks

Sales events have become more common as budgets tighten and shoppers change their habits to cope.

Bankrate’s 2025 Holiday Spending Report shows about half of consumers plan to start shopping before Halloween, and YouGov’s Black Friday and Cyber Monday Outlook found that 22% are shopping before Black Friday, largely to avoid unexpected price hikes. More Americans are eyeing Prime Day deals, too: 36% say they’ll shop this year’s sales, compared with 32% last year. Still, about a quarter of those shoppers said they expect to spend less overall. 

PwC’s 2025 Holiday Outlook survey found consumers expect to spend ~$1,552 each this holiday season, down 5.3% from last year, marking the first comparable decline since 2020.

Seasonal retail hiring is also expected to fall to its lowest level since 2009, as retailers brace for slower foot traffic.

Need for speed

Even as wallets tighten, shoppers still expect convenience. Walmart is expanding next-day delivery and leaning on “buy now, pay later” at checkout. Amazon is betting on its same-day hubs and AI-driven product recommendations to keep carts moving. Target has not only slashed prices, but also pushed curbside and in-store pickup options to help drive sales.

On the back end, all three are using AI to forecast demand, localize inventory, and help streamline supply chains — which makes sense, as outside of price, 62% of US consumers say faster shipping is the deciding factor when making purchases this season.

More Business

See all Business
business

OpenAI’s ARR reached over $20 billion in 2025, CFO says

Sam Altman’s $500 billion artificial intelligence behemoth hit a major financial milestone last year, according to a new blog post over the weekend from OpenAI CFO Sarah Friar, as the company confirmed it had hit a more than $20 billion annual revenue run rate at the end of 2025.

Elsewhere in the blog post, Friar spent time addressing the company’s shifting goals, referencing plans to “close the distance between where intelligence is advancing and how individuals, companies, and countries actually adopt and use it.” As has become customary in the AI company press release genre, the CFO was also keen to tout the unending growth of the business, writing:

  • Both our Weekly Active User (WAU) and Daily Active User (DAU) figures continue to produce all-time highs. This growth is driven by a flywheel across compute, frontier research, products, and monetization.

  • Compute grew 3X year over year or 9.5X from 2023 to 2025: 0.2 GW in 2023, 0.6 GW in 2024, and ~1.9 GW in 2025.

And, perhaps most importantly for current backers and those keeping an eye on the private company before its rumored mega IPO:

  • Revenue followed the same curve growing 3X year over year, or 10X from 2023 to 2025: $2B ARR in 2023, $6B in 2024, and $20B+ in 2025. This is never-before-seen growth at such scale.

That latest figure has certainly set tongues in the tech world wagging, just as the company announced it would begin rolling out ads to free and ChatGPT Go users. It also puts the chatbot giant a fair way ahead of competitors like Anthropic, the company behind Claude.

OpenAI Anthropic ARR race
Sherwood News

Elsewhere in the blog post, Friar spent time addressing the company’s shifting goals, referencing plans to “close the distance between where intelligence is advancing and how individuals, companies, and countries actually adopt and use it.” As has become customary in the AI company press release genre, the CFO was also keen to tout the unending growth of the business, writing:

  • Both our Weekly Active User (WAU) and Daily Active User (DAU) figures continue to produce all-time highs. This growth is driven by a flywheel across compute, frontier research, products, and monetization.

  • Compute grew 3X year over year or 9.5X from 2023 to 2025: 0.2 GW in 2023, 0.6 GW in 2024, and ~1.9 GW in 2025.

And, perhaps most importantly for current backers and those keeping an eye on the private company before its rumored mega IPO:

  • Revenue followed the same curve growing 3X year over year, or 10X from 2023 to 2025: $2B ARR in 2023, $6B in 2024, and $20B+ in 2025. This is never-before-seen growth at such scale.

That latest figure has certainly set tongues in the tech world wagging, just as the company announced it would begin rolling out ads to free and ChatGPT Go users. It also puts the chatbot giant a fair way ahead of competitors like Anthropic, the company behind Claude.

OpenAI Anthropic ARR race
Sherwood News
The Sphere In Las Vegas

Washington, DC, looks set to get America’s second Sphere

Revenue for the Las Vegas version of the big orb has soared, but the Sphere is still a money pit.

business

Ford reportedly in talks to buy hybrid vehicle batteries from Chinese auto giant BYD

Detroit’s Ford and China’s BYD are said to be in ongoing talks to partner on an agreement that would see Ford buy hybrid vehicle batteries from BYD, according to reporting from The Wall Street Journal.

The report comes just days after President Trump toured a Ford factory in Michigan and implied openness to Chinese automakers coming to the US.

“If they want to come in and build a plant... that’s great, I love that,” Trump said on January 13. “Let China come in, let Japan come in.”

Last week, China’s Geely Automobile Holdings said it expects to make an announcement about expanding into the US within the next three years. Chinese carmakers currently face huge tariffs and software restrictions, effectively barring their vehicles from the US.

Ford has doubled down on hybrid vehicles amid high EV costs and the end of federal EV tax credits. The automaker is currently building a battery plant in Michigan where it plans to use tech from Chinese battery maker CATL.

“If they want to come in and build a plant... that’s great, I love that,” Trump said on January 13. “Let China come in, let Japan come in.”

Last week, China’s Geely Automobile Holdings said it expects to make an announcement about expanding into the US within the next three years. Chinese carmakers currently face huge tariffs and software restrictions, effectively barring their vehicles from the US.

Ford has doubled down on hybrid vehicles amid high EV costs and the end of federal EV tax credits. The automaker is currently building a battery plant in Michigan where it plans to use tech from Chinese battery maker CATL.

Still life of Ozempic and Wegovy with weight scale.

Lawsuit alleges Lilly, Novo locked up telehealth to kill compounded GLP-1s

Novo Nordisk CEO Mike Doustdar estimated that around 1.5 million US patients are using compounded versions of the company’s drugs.

Latest Stories

Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, or Robinhood Money, LLC.